With DFCU bank asset financing, customers can take advantage of low-cost machinery, commercial vehicles, and business cars through their streamlined application process.
With DFCU bank asset financing, customers are able to get machinery, commercial vehicles, and business vehicles at low prices with a streamlined application process.
The value of the assets themselves determines the number of loans made through asset finance. When a business is unable to obtain conventional funding, it can be a good alternative.
Take a look at the benefits of DFCU Asset Financing, its requirements, and more.
Benefits of the DFCU Asset Financing service
- Depending on the financed assets, flexible repayment terms of up to five years are offered.
- Asset Finance repayment schedules are designed to correspond to business cash flow patterns.
- You’re assigned a devoted Relationship Manager
- The primary security utilized in asset finance is an asset.
- Equipment that supports business growth is not related to the cash needed for working capital.
Requirements
- Memorandum and Articles of Association
- Certificate of incorporation
- Copy of the Partnership Deed
- Particulars of partners
- Audited accounts for the last two years
- 2 passport photos of the legal signatories
- Resolution to Borrow
- Certified Company form A9 and 7
- Copy of Partnership Deed
Conclusion
Acquiring assets entirely can be costly, and hazardous, and prevent a business from growing. DFCU Asset finance offers a practical way for businesses to get the assets they require without incurring disproportionate costs.
Both the lenders (DFCU bank) and the borrowers (companies) profit from the framework of asset finance. Compared to regular loans, asset financing is safer.
Since the loan is provided primarily on the value of the assets rather than the company’s creditworthiness, it is often simpler to get.
So, if you haven’t yet looked into DFCU’s asset financing service, this article may shed more light on the different dynamics and help answer most of your questions.
